Dec 4, 2012 10:00pm PST
in michigan that typically works at the bottom of a chain of contractors. >> the good companies are going out of business because they can't afford their safety. they can't afford their insurance. they can't afford their workmen's comp. >> smith: deckrow showed us what's left over for him after each contractor, especially the turf vendor, takes a big cut. >> at&t pays the turfer $187 to install a remote radio head. the turfer then takes the contractor and pays them $93. i've seen seen as low as $40 to $50 and have been paid $40 and $50 to install that same item. >> smith: deckrow says the pricing has forced him to make hard decisions. he drives his trucks more than 100,000 miles a year without changing the tires. and he's cut his safety budget. >> this day and age, everybody's faced with the money versus safety. whether they'll admit it or not, everybody's had to cut back on something. we would love to replace every year, every two years, new harnesses and new safety gear for all our guys. it's not in the budget. but this is stuff they have to wear every day in order to live through the day.
Dec 5, 2012 7:00am EST
michigan. caller: my heart really bleeds for the former who owns a multimillion-dollar estate and is wary about his one cowboy that he employs. i think that is what is wrong with this system. it is greed. host: "the new york times" is reporting this morning possibly republicans considering extending tax cuts for middle class americans. "the new york times" is reporting this -- host: any fallback plan from republicans does not include a plan for the estate tax. guest: there is no easy solution to what is happening right now. the senate passed their tax bill over the summer. it was going to include an estate tax extension, as well. $3.5 million exemption. it was not put into the bill. the bill will do with a lot of things that are expiring but the estate tax will be left where was. that will be hanging out there. congress cannot let it hang out there for long. it shouldn't be at the level it was in 2001. it shows you how many things are hanging out there. even if fallback plan -- host: back to the capital gains tax on twitter. what does he mean by capital formation? guest: you want to encou